November 18, 2019 / 3:23 AM / 22 days ago

S.Korea stocks fall as foreigners offload equities ahead of MSCI rejig

    * KOSPI falls, foreigners sell
    * KRW gains against USD
    * South Korea benchmark bond yield rises

    SEOUL, Nov 18 (Reuters) - Round-up of South Korean financial
    ** South Korean shares slid on Monday as foreigners
continued to sell equities ahead of the rebalancing of MSCI
index, while cautious investors also awaited concrete evidence
on progress in Sino-U.S. trade talks. The won and the benchmark
bond yield rose.  
    ** As of 0233 GMT, the Seoul stock market's main KOSPI index
        fell 9.46 points, or 0.44%, to 2,152.72.
    ** Foreigners were seen selling shares pre-emptively ahead
of the rebalancing of MSCI index, while the markets are taking a
cautious stance on major issues such as U.S.-China trade
dispute, Hong Kong and Huawei issue, said Lee Won, analyst at
Bookook Securities.
    ** Foreigners were net sellers of 110.5 billion won worth of
shares on the main board, extending the selloff for an eighth
straight session.
    ** Chinese state media Xinhua said China and United States
had "constructive talks" on trade in a high-level phone call on
Saturday, while U.S. Commerce Secretary Wilbur Ross also said on
Friday that there was a "very high probability" that the United
States would reach a final agreement on a phase one trade deal
with China.                          
    ** The Trump administration is set to issue a two-week
extension of a license allowing U.S. companies to continue doing
business with China's Huawei Technologies Co Ltd         , two
sources familiar with the deliberations said.             
    ** The won was quoted at 1,164.9 per dollar on the onshore
settlement platform           , 0.15% higher than its previous
close at 1,166.6.
    ** In offshore trading, the won        was quoted at 1,163.8
per U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading, its one-month contract
              was quoted at 1,163.3 per dollar.
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.17%, after U.S. stocks ended
higher in the previous session            . Japanese stocks
        rose 0.27%.
    ** The KOSPI has risen 5.47% so far this year, while it
gained 3.2% in the previous 30 trading sessions.
    ** The trading volume during the session in the KOSPI index
        was 259.86 million shares and, of the total traded
issues of 905, the number of advancing shares was 294.
    ** The won has lost 4.2% against the dollar so far this
    ** In money and debt markets, December futures on three-year
treasury bonds         was unchanged at 110.02, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
    ** The most liquid 3-year Korean treasury bond yield rose by
1.0 basis point to 1.522%, while the benchmark 10-year yield
rose by 1.1 basis points to 1.798%.

 (Reporting by Joori Roh; editing by Uttaresh.V)
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